Nearly 40% of Nvidia’s second quarter revenue came from just two customers, according to a filing with the Securities and Exchange Commission. On Wednesday, the chipmaker reported record revenue of $46.7 billion during the quarter that ended on July 27 — a 56% year-over-year increase largely driven by the AI data center boom. However, subsequent […]
Nvidia says two mystery customers accounted for 39% of Q2 revenue Read More »
Nvidia reported another massive quarter this week with $46.7 billion in revenue, a 56% year-over-year increase driven almost entirely by AI demand. But despite CEO Jensen Huang’s bold prediction of $3 to 4 trillion in global AI infrastructure spending in the next five years, the stock slid as investors questioned how long this kind of
Trillion with a ‘T’? That’s a lot of dollars, Nvidia. Read More »
Fusion power startup Commonwealth Fusion Systems has raised $863 million from a long list of investors that includes Nvidia, Google, Breakthrough Energy Ventures, and more. “We’re continuing our trend here of looking into the world and saying, ‘How do we advance fusion as fast as possible?’” co-founder and CEO Bob Mumgaard told reporters in a
Nvidia, Google, and Bill Gates help Commonwealth Fusion Systems raise $863M Read More »
Nvidia, the world’s most valuable company, reported another quarter of sustained sales growth in its earnings statement Wednesday, with $46.7 billion in revenue, a 56% increase compared to the same period last year. That growth was largely fueled by AI-dominated data center business, which saw a 56% year-over-year increase in revenue. Nvidia also saw its net
Nvidia reports record sales as the AI boom continues Read More »
Hey, all, and happy Friday! Welcome back to TechCrunch Mobility, your hub for news, analysis, and scoops around the future of transportation. To get this in your inbox, sign up here for free — just click TechCrunch Mobility! I was sad to have missed the Monterey Car Week this year, especially because there were a
TechCrunch Mobility: Waymo’s Big Apple score and Nvidia backs Nuro Read More »
Beijing may have thrown a wrench into Nvidia’s plans on making a comeback in China’s AI market. Nvidia has instructed its component suppliers to stop production related to its H20 AI chip, according to The Information. The production halt comes after Beijing reportedly warned Chinese companies against using these chips because of potential security issues
Nvidia reportedly halts production on its H20 AI chips Read More »
Nvidia is among a group of new investors to back Nuro — which develops self-driving software for delivery and ride-hailing services — in a funding round that has reached $203 million. The Silicon Valley startup announced Thursday that several investors, including existing backer Baillie Gifford, added another $97 million to its Series E round. New
Nvidia is latest investor to back AV startup Nuro in $203M funding round Read More »
The world’s most valuable chipmaker is far from giving up its desire to retain China as a key growth market. Nvidia is apparently putting together a new AI chip meant for sale in China that’s half as powerful as its flagship B300 Blackwell GPU, Reuters reported, citing anonymous sources. This new chip, codenamed B30A, would
Nvidia said to be developing new, more powerful AI chip for sale in China Read More »
When Bill Dally joined Nvidia’s research lab in 2009, it employed only about a dozen people and was focused on ray tracing, a rendering technique used in computer graphics. That once-small research lab now employs more than 400 people, who have helped transform Nvidia from a video game GPU startup in the nineties to a
How a once-tiny research lab helped Nvidia become a $4 trillion-dollar company Read More »
Nvidia on Monday unveiled a set of new world AI models, libraries and other infrastructure for robotics developers, most notable of which is Cosmos Reason, a 7-billion-parameter “reasoning” vision language model for physical AI applications and robots. Also joining the existing batch of Cosmos world models are Cosmos Transfer-2, which can accelerate synthetic data generation from
Nvidia unveils new Cosmos world models, infra for robotics and physical uses Read More »
